Tag Archives: VA loan rules

A common question about VA loans is, “How much loan can I get?” The answer depends on what value you’re referring to. The VA’s official site states that the basic entitlement for VA loans is $36,000. However, that is NOT...

There are many different circumstances under which you can get a VA loan. Some veterans apply for the loan by themselves without a co-borrower or co-applicant. Others want to apply for a VA loan with one or more fellow veterans,...

There are many reasons why a borrower who owns a home purchased with a VA insured mortgage would consider renting out his or her property. Active duty military members who are being reassigned to a new base, for example, might...

A reader asks, “If an appraisal comes back lower than the contracted price, is the seller required to sign documentation allowing the buyer to cancel the contract?” Borrowers cannot, under the rules and regulations of the VA loan program, be...

The Department of Veterans Affairs has issued a Mortgagee Letter clarifying its position on itemized fees, the lender’s flat fee and unallowable fees for VA mortgage loans. According to VA Circular 26-14-10, “Policy Clarification on Unallowable Fees,” there has been...

VA loans aren't just for single family dwellings--did you know there are VA loans available for properties with up to four units? The borrower must certify he or she intends to live in one of those units as the primary...

A reader asks, “Can you get a VA loan if there is judgment against you or pending?” Chapter Four of the VA Lenders Handbook has a great deal to say about a variety of credit issues. Borrowers are expected to...

A reader asks, “My husband died, can I use his VA loan to buy a house?” In general, VA loan rules do permit surviving spouses of military members to use the VA loan benefit under certain circumstances. We’ll address those...

A reader asks, “I was honorably discharged from the Navy after serving for 4 years. I was wondering if my mom can use my VA home loan to buy build a new house on her land?” The short answer is no. According to...

VANewsBlog.com is privately funded and is not associated with the Department of Veterans Affairs. The opinions presented on VANewsBlog.com should not be construed as representing the official opinions of the Department of Veterans Affairs. Any opinions presented on VANewsBlog.com concerning financial issues should not be construed as recommendations or financial advice for your specific situation. If you are unsure of the best course of action in your situation, it is always recommended to consult the Department of Veterans Affairs, a financial advisor, or an attorney.